What is title insurance?

Title insurance protects you from financial loss if someone challenges your ownership. Unlike other insurance protecting against future events, title insurance protects against past issues — undisclosed heirs, forged documents, recording errors, and more. It's a one-time premium that protects your property rights for as long as you own the property.

How much does title insurance cost in Utah?

Title insurance premiums are state-regulated in Utah and based on the sale price. For a typical residential transaction, expect to pay between $500 – $3,500. Prospect Title offers a free rate calculator for instant estimates tailored to your specific transaction.

What's the difference between owner's and lender's title insurance?

Lender's insurance protects the bank's investment and is usually required for financing. Owner's insurance protects YOU and your equity in the property. We strongly recommend both — the owner's policy is a one-time premium that protects you for as long as you own the property.

How long does closing take?

Typical residential closings take 7-60 days from contract to keys. Cash transactions close in less than 72 hours. Commercial transactions may take longer depending on complexity. Prospect Title's experienced team works to ensure smooth, on-time closings.

What do I need to bring to closing?

Valid government-issued photo ID (driver's license or passport), cashier's check or wire transfer receipt for your funds, and any documents your closer specifically requested. We'll send you a detailed checklist before closing day.

Can I do a remote closing?

Yes! Through our Qualia portal, you can review documents, e-sign, and complete much of the process remotely. Some documents may still require in-person notarization depending on your lender's requirements.

Who pays for title insurance in Utah?

This is negotiable and varies by transaction. In Utah, it's common for sellers to pay for the owner's policy and buyers to pay for the lender's policy, but this can be negotiated as part of your purchase contract.

How do I protect myself from wire fraud?

NEVER trust wiring instructions sent via email without verbal verification. Prospect Title will NEVER email you changes to wiring instructions. Always call us directly using a number you already have (not one from an email) to verify before wiring any funds.

Start Closing

(801) 225-1924

Critical Security Information

Protect Your Money — Wire Fraud is Real

Every year, homebuyers lose millions to wire fraud scams. Criminals hack email accounts and send fake wiring instructions. By the time you realize, it's too late.

The Golden Rules

We will NEVER email you changes to wiring instructions. NEVER.

If you receive an email with wiring changes, it's a SCAM. Call us immediately.

Always verify wiring instructions by calling the number you already have — not any number in the email.

How to Protect Yourself

Verify, verify, verify — call us directly before wiring any money

Use the phone number from our website or your closing documents, never from an email

Be suspicious of urgency — scammers create panic to make you act fast

Check email addresses carefully — scammers use slight misspellings

Never email financial information — use secure portal or deliver in person

If You Think You've Been Targeted

1Contact us immediately: (801) 225-1924

2Contact your bank to attempt a wire recall

3File a report with the FBI's IC3: ic3.gov

4File a report with local law enforcement

Questions? Call Us Directly

If you have ANY doubts about wiring instructions, pick up the phone. We'd rather answer a thousand calls than see you lose your money.

Call Now: (801) 225-1924